The number of iPhone Apps just got larger with the introduction of the MyFICO credit score estimator. The MyFico App quickly estimates your credit score based upon the answers you provide to 10 multiple choice questions.
The questions are about the number of credit cards you have, how long ago you got your first credit card and first loan, how many loans or credit cards you have recently applied for, how many your loans and/or credit cards have balances and what are those balances, if you have missed any payments or have overdue balances, and whether you have gone through a bankruptcy or foreclosure in the last 10 years.
Since I recently pulled my own FICO score, I decided to put the myFICO credit score estimator to the test and assess its accuracy. The result … my actual FICO score was within the estimated range of the MyFICO credit score estimator. Granted it is a fairly large range but in its defense it is only meant to be an estimation of your credit score and not your actual credit score.
If you are thinking about buying a house in Spring Texas but are concerned your credit is not good enough, give the MyFICO credit estimator a try. It will at least give you a general idea of your credit score. You will need a credit score of at least a 600 and possibly a 620 to qualify for a loan on a Spring Texas home. These days the majority of mortgage lenders require a minimum of a 620 credit score for FHA loans.
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We entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning... read moreWe entrusted Jill Wente with the sale of our current home and purchase of a new home. From the beginning she was extremely up front and honest about exactly what we would need to do to get our house sold. We had an incredibly tight timeline, that she explained would be difficult to make - but she helped us make it happen and our house sold in 2 days! She had recommendations for all our home repair needs and they were all professional and fairly priced. She worked hard to really sell our offer for our new home - she was able to pull off the tight timeline, securing a rent back from our old house so we had time to move out, and a contingency for our new home. Definitely exceeded our expectations. She was so helpful along the way - as first time home sellers we really relied on her and we feel lucky to have worked with her! You will not regret working with Jill! read less